Advantages of an Auction(As established by Jim Smith of Smith and Smith, Realtors)

SELLER ADVANTAGES

TIME
Unlike a conventional listing for sale, an auction predetermines the sale date.

ASSOCIATED COSTS
Sale costs will be similar to a conventional listing. Closing costs will be less. Proceeds of the sale are more quickly received. Sellers are never "penalized" with unnecessary fees when they do not accept high bids achieved at auction.